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...Boeing’s largest labour union is seeking a board seat at the plane maker, saying “we have to save this company from itself” as quality control concerns draw scrutiny from customers, passengers and regulators...
...Boeing has faced growing frustration from its airline customers, after the company was forced to slow production of the 737 Max as it sought to resolve manufacturing flaws....
...Moody’s downgraded Boeing’s senior unsecured debt rating to one notch above junk with a negative outlook, citing “inadequate performance” of the company’s commercial planes business....
...But the first question is why America’s famous private sector model has fallen short at Boeing. The company maintains that in a few years’ time, annual free cash flow will reach $10bn....
...Also likely to be of interest is troubled aircraft manufacturer Boeing, reporting first-quarter figures on Wednesday, a day ahead of its European rival Airbus....
...The company on Wednesday reported a $355mn net loss in the first quarter....
...Alaska Airlines said instead of receiving 23 Maxes this year, Boeing would deliver between 10 and 20. The company had expected to expand flying capacity up to 5 per cent more than last year....
...The Chicago-based airline posted a pre-tax loss of $164mn, which the carrier said reflects “the approximately $200mn impact from the Boeing 737 Max 9 grounding, without which the company would have reported...
...The Chicago-based airline had a pre-tax loss of $164mn, which the carrier said reflects “the approximately $200mn impact from the Boeing 737 Max 9 grounding, without which the company would have reported...
...Sam Salehpour, a quality engineer at the company, said he was berated by a manager in response to repeatedly questioning the safety of the 777 and 787 aeroplanes....
...Boeing benchmarks executive pay against packages at other big US companies such as ExxonMobil....
...The regulator has limited the number of 737 Maxes Boeing can build per month to 38 and given the company until the end of May to submit a plan to improve quality....
...The company said the claims were “inaccurate”. “Voluntary reporting without fear of reprisal is a critical component in aviation safety,” the Federal Aviation Administration told the Financial Times....
...Yet there is no simple answer to fixing Boeing. It took decades for the company to move away from its engineering roots and it may take years for it to find its way back again....
...Boeing also announced that Stan Deal, the head of its commercial airplane division, which has been at the centre of the recent crisis gripping the group, will retire and will be replaced by the company’s...
...their Boeing plane blew out in mid-air....
...Boeing has a company-wide problem with employees fearing retaliation for speaking up, testified Javier de Luis, an aerospace engineer at Massachusetts Institute of Technology who sat on an expert panel that...
...Yet, while it has made its own past strategic mis-steps, Airbus has avoided the quality and safety traps Boeing has fallen into. In response, the US company has not stood still....
...He was awarded a potential $30mn in stock awards on top of his $1.4mn salary, the company said, lifting his total for the year above the $22.6mn he was paid in 2022. Read more here...
...This is a lucrative but often overlooked side business that should help to insulate the company against some of the aforementioned cyclical problems....
...“To fix Boeing’s issues, the company needs a strong engineering lead as its head coupled to a governance model which prioritises safety and quality,” said Clark on Tuesday....
...Administration allows the company to boost production again....
...Boeing said on Monday that its chair Larry Kellner would also leave the board after the company’s annual shareholders’ meeting in May....
...the company said....
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